An Illinois-based company that has not generated more than $5 million in revenue in the prior year.

Important Dates

Companies must submit an online application by September 10, 2010. The finals competition is scheduled for December 16, 2010 in Chicago, Illinois

Competition Prizes

Two winners each receive $15,000 prizes, and the two runners-up each receive $7,500 prizes.

Other Info

Innovate Illinois is a highly competitive statewide innovation competition and not a startup grant program or business plan competition. Innovation is defined as a novel product, service or internal process that solves a market problem or internal inefficiency. Competitors apply for either the Early Stage competition or the Later Stage competition. The competition’s stages refer to whether an innovation has been commercialized or implemented, and not the year in which the company applying was founded.